Self-Invested Personal Pension

A Self-Invested Personal Pension (SIPP) is a personal pension that allows you access to a wider choice investments when it comes to saving for your retirement.

Prudential's SIPP is available through the Self Invested Fund option on the Flexible Retirement Plan.

If you don't already have a Flexible Retirement Plan you'll need to apply for one when starting your SIPP.

Why save in a Self-Invested Personal Pension with Prudential?

• You can make flexible payments - once you've started your SIPP with a minimum £10,000 payment, you (or your employer) can make further contributions as a when you wish, so long as the minimum is £200.
• Flexible charging structure - you pay depending on the range of funds you want to access. Bear in mind charges may vary in future.

 

• Wide range of investments to choose from - including our Prudential multi-asset funds, the PruSelect range - selected by independent research company Old Broad Street Research and the Additional Fund Choice range. You can also choose from over 1,100 funds through the Cofunds supermarket with our lower cost FundSIPP (up to 20 funds) or the full range of investments through the Full SIPP. The SIPP option can be switched on or off at any time so you pay only for what you use.
  
  Read our FRP Fund Guide for more on the funds offered under the plan. Bear in mind that the value of your investment may go down as well as up and you may not get back your original investment.

Take action

To find out about a SIPP, or start on under our Flexible Retirement Plan, speak to a financial adviser.



• Read about self-invested personal pensions
  
• For more about pensions in general read our pensions guide.
• Complete control - you'll have total say over your investments so long as they are within the range of assets allowed by the plan. You'll need to actively manage your SIPP, perhaps in conjunction with a financial adviser.
• Income drawdown option - this allows you to draw an income direct from your pension fund until you are ready to buy your pension annuity.
• Tax relief* - for every £80 you invest in your pension, the government will pay a further £20, while higher rate taxpayers can claim back a further £20 - see our tax relief calculator for more or read about the tax benefits of saving in a pension. You are also allowed to take up to 25% of your fund as tax-free cash when you retire. Note that is the income you receive is taxed as earned income.

Read more

FRP/SIPP Key Features (pdf 195k)
FRP Fund Guide (pdf 151k)
FRP Questions and Answers (1627k)
FRP Technical Guide (pdf 623k)
Investment Portfolios Guide (pdf 80k)

*This is based on our understanding, as at 6 April 2009, of current taxation, legislation and HM Revenue and practice, all of which are liable to change without notice. The impact of taxation (and any tax relief) depends on individual circumstances.